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Forex / CFD broker

ThinkMarkets Forex Broker Review

4.0/ 5 · Best for multi-regulated ECN trading with a strong proprietary platform

FXMARE editorial rating, not user reviews.

Reviewed by the FXMARE Research Desk under our review methodology · licences last verified 2026-06-25

Also known as ThinkForex

A well-regulated multi-asset broker founded in 2010, offering ECN-style pricing via ThinkZero and an award-winning proprietary platform alongside MT4/MT5.

Spread from
0.1 pips (raw/ECN)
Min deposit
$0 (Standard); $500 (ThinkZero)
Max leverage
1:30 (FCA/ASIC entities on major forex); 1:500 (offshore/international entities)
Regulators
FCA (UK), ASIC (Australia), CySEC (Cyprus), JFSA (Japan), FSCA (South Africa), FSA (Seychelles)
Founded
2010
Instruments
~4,000+ CFDs (46 forex pairs, 3,500+ stock CFDs, 19+ indices, 15 commodities, 27 cryptos, 350+ ETFs)

Spreads, minimum deposit and leverage are indicative and vary by account type and jurisdiction — confirm current terms on the broker’s site.

Visit ThinkMarketsAffiliate link · $0 (Standard); $500 (ThinkZero) min deposit · Trading CFDs is high-risk

Between 74% and 89% of retail investor accounts lose money when trading CFDs.

You should consider whether you understand how CFDs and leveraged products work and whether you can afford to take the high risk of losing your money. FXMARE is not a broker and does not offer these products; figures are indicative of those disclosed by regulated providers. This page is information, not financial advice. See our full risk disclosure.

Affiliate & advertising disclosure

FXMARE may receive compensation from some brokers listed on this page when you click a tracked link and open an account. Sponsored placements are clearly labelled. Compensation may affect which brokers we feature and where, but it does not affect our independent ratings or rankings, which follow our review methodology, and it never costs you more. See affiliate disclosure and how we make money.

ThinkMarkets Overview

A well-regulated multi-asset broker founded in 2010, offering ECN-style pricing via ThinkZero and an award-winning proprietary platform alongside MT4/MT5.

ThinkMarkets is regulated by FCA (UK), ASIC (Australia), CySEC (Cyprus), JFSA (Japan), FSCA (South Africa), FSA (Seychelles). Independently verifiable licences include FCA (UK) — TF Global Markets (UK) Ltd, FRN 629628; ASIC (Australia) — TF Global Markets (Aust) Pty Ltd, AFS Licence 424700; CySEC (Cyprus) — TF Global Markets (Europe) Ltd, Licence 215/13. It ranks among the most trusted, tier-1-regulated brokers in this comparison.

EUR/USD spreads start around 0.1 pips on the raw/ECN account (about 1.1 pips on the standard, commission-free account), with $7 (ThinkZero); $0 (Standard) commission. The minimum deposit is $0 (Standard); $500 (ThinkZero) and maximum retail leverage is 1:30 (FCA/ASIC entities on major forex); 1:500 (offshore/international entities). Swap-free (Islamic) trading is offered conditionally — Available on request for Muslim clients; no swap for the first 6 days; from day 7 a weekly admin fee applies ($5/week for major FX pairs, $10/week for minor pairs). Not all instruments are eligible. Apply via Client Portal under Support Requests..

Platforms include MT4, MT5, ThinkTrader, TradingView. ThinkMarkets provides ~4,000+ CFDs (46 forex pairs, 3,500+ stock CFDs, 19+ indices, 15 commodities, 27 cryptos, 350+ ETFs) across Forex, funded via Bank wire/SWIFT, Visa/Mastercard (credit & debit), Skrill, Neteller, Cryptocurrency (BitPay/USDT), PayPal (Australia only).

ThinkMarkets is a credible mid-to-large-tier broker with genuine tier-1 regulation across four major jurisdictions (FCA, ASIC, CySEC, JFSA), making it a solid choice for traders who prioritise regulatory safety. The ThinkZero account delivers competitive raw-spread ECN pricing at $7/lot round-turn, though the $500 entry requirement is higher than some rivals. The proprietary ThinkTrader platform with TradingView integration is a genuine differentiator, especially for mobile traders, but the absence of cTrader and average standard spreads mean it may not suit all cost-sensitive scalpers or algo traders.

Headquarters: London, UK (also Melbourne, Australia) · Funding: Bank wire/SWIFT, Visa/Mastercard (credit & debit), Skrill, Neteller, Cryptocurrency (BitPay/USDT), PayPal (Australia only)

Pros

  • Regulated by four top-tier authorities (FCA, ASIC, CySEC, JFSA) — strong trust profile
  • Award-winning proprietary ThinkTrader platform with TradingView integration
  • ThinkZero raw spreads from 0.0 pips with $7/lot round-turn commission — competitive for ECN-style pricing
  • No minimum deposit on Standard account and no deposit/withdrawal fees
  • Copy trading via ThinkCopy built natively into the platform

Cons

  • Standard account EUR/USD spread (~1.1 pips) is average — not the tightest commission-free spread
  • ThinkZero requires $500 minimum deposit, higher than many ECN rivals
  • No cTrader platform — limits appeal for algorithmic traders who prefer it
  • Inactivity fee applies to dormant accounts (amount varies by entity)
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Ratings Breakdown

FXMARE editorial assessment — not aggregated user reviews. Trader reviews, when submitted, are shown separately below.
Fees & Spreads3.5
Platforms & Tools4.0
Customer Support3.5
Trust & Regulation4.5
Overall
4.0 / 5

ThinkMarkets Fees & Costs

EUR/USD spread (typical)1.1 pips (standard) · 0.1 pips + commission (raw)
Commission$7 (ThinkZero); $0 (Standard)
Minimum deposit$0 (Standard); $500 (ThinkZero)
Max leverageVaries by jurisdiction & account type1:30 (FCA/ASIC entities on major forex); 1:500 (offshore/international entities)
Swap-free (Islamic)Available on request for Muslim clients; no swap for the first 6 days; from day 7 a weekly admin fee applies ($5/week for major FX pairs, $10/week for minor pairs). Not all instruments are eligible. Apply via Client Portal under Support Requests.Conditional
RegulatorsFCA (UK), ASIC (Australia), CySEC (Cyprus), JFSA (Japan), FSCA (South Africa), FSA (Seychelles)
Deposit / withdrawal feeThird-party payment fees may apply$0 (broker side)
Figures are indicative and vary by account type and jurisdiction. Always confirm current pricing on the broker’s website.

Regulation & Safety

Licence numbers link to each regulator’s public register so you can verify them yourself. Last checked 2026-06-25.

ThinkMarkets is authorised by FCA (UK), ASIC (Australia), CySEC (Cyprus), JFSA (Japan), FSCA (South Africa), FSA (Seychelles). Brokers regulated in tier-1 jurisdictions are generally required to hold client money separately from company funds and may offer protections such as negative-balance protection or an investor-compensation scheme — the exact safeguards depend on the entity you sign up with. As with all trading, your capital is at risk. Confirm which entity, licence and protections apply to your country on the regulator’s register before funding an account.

Platforms

MT4MT5ThinkTraderTradingView

Available on desktop, web and mobile. Tradable across Forex. Track every position you take with ThinkMarkets in the FXMARE trading journal.

FXMARE Verdict

4.0
Best for multi-regulated ECN trading with a strong proprietary platform

ThinkMarkets is a credible mid-to-large-tier broker with genuine tier-1 regulation across four major jurisdictions (FCA, ASIC, CySEC, JFSA), making it a solid choice for traders who prioritise regulatory safety. The ThinkZero account delivers competitive raw-spread ECN pricing at $7/lot round-turn, though the $500 entry requirement is higher than some rivals. The proprietary ThinkTrader platform with TradingView integration is a genuine differentiator, especially for mobile traders, but the absence of cTrader and average standard spreads mean it may not suit all cost-sensitive scalpers or algo traders.

ThinkMarkets — frequently asked questions

Is ThinkMarkets regulated?

ThinkMarkets states it is authorised by FCA (UK), ASIC (Australia), CySEC (Cyprus), JFSA (Japan), FSCA (South Africa), FSA (Seychelles). We last checked those licence details against the regulators' own public registers on 2026-06-25. Licences are entity-specific: the group company that onboards you depends on your country, so confirm which entity your client agreement names before depositing.

What is the minimum deposit at ThinkMarkets?

ThinkMarkets lists $0 (Standard); $500 (ThinkZero) min deposit. Minimums vary by account type, funding method and regional entity, so treat this as indicative and confirm the figure on the broker's own site for the account you intend to open.

What spreads does ThinkMarkets offer on EUR/USD?

ThinkMarkets advertises spreads from 0.1 pips (raw/ECN), with EUR/USD quoted around 1.1 pips (standard) · 0.1 pips + commission (raw). Commission: $7 (ThinkZero); $0 (Standard). Advertised "from" figures are floors seen in ideal conditions rather than averages — compare total cost per round turn (spread plus commission) at the volume you actually trade.

What is the maximum leverage at ThinkMarkets?

ThinkMarkets advertises up to 1:30 (FCA/ASIC entities on major forex); 1:500 (offshore/international entities). Leverage caps are set by the regulator of the entity you trade with, so retail clients in the UK, EU and Australia receive materially lower caps than the headline figure. Higher leverage magnifies losses as much as gains.

Does ThinkMarkets offer swap-free (Islamic) accounts?

Partly. ThinkMarkets offers swap-free trading with conditions. Available on request for Muslim clients; no swap for the first 6 days; from day 7 a weekly admin fee applies ($5/week for major FX pairs, $10/week for minor pairs). Not all instruments are eligible. Apply via Client Portal under Support Requests.

Which platforms does ThinkMarkets support?

ThinkMarkets supports MT4, MT5, ThinkTrader, TradingView. Platform availability can differ by entity and account type — a platform offered in one region is not guaranteed in another, so verify it is available on the specific account you plan to open.

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Affiliate Disclosure

FXMARE may earn a commission if you open an account through links on this page, including any placement marked Sponsored. This does not affect our independent rating of ThinkMarkets. Trading forex and CFDs carries a high level of risk and most retail accounts lose money. This review is information, not financial advice — verify all terms with the broker directly.